Compare the best brokers to buy stocks with Payoneer

If you’re looking to invest in the stock market, buying shares with Payoneer is quick and easy. This page guides you through the best brokers and what to think about.
By: Jonah Keri
Jonah Keri
Jonah Keri is a trader and analyst who spent 11 years at Investor's Business Daily covering the markets. He… read more.
Updated: Jul 15, 2021
Tip: our preferred broker is, eToro: visit & create account

Payoneer can be a good option if you’re looking for a fast and convenient way to buy stocks online. This guide profiles some of the best Payoneer stockbrokers and trading platforms, details some of the top qualities offered by each, and gives a quick step-by-step guide to what to consider when signing up to a broker that accepts Payoneer.

Here are the best stock brokers that accept Payoneer

You should consider multiple factors when searching for the right broker, such as security, transaction fees, and ease of use. We’ve compiled a list of your best options right here, with more information below if you want to know more about brokers that accept Payoneer.

1
Min. Deposit
$50
Exclusive promotion
user-score
10
Trade/invest in stocks with just $50
Invest for dividends and get payout on stocks on Ex-Dividend day
Over 11 payment methods, including PayPal
Start Trading
Description:
eToro is a multi-asset investment platform with more than 2000 assets, including FX, stocks, ETF’s, indices and commodities. eToro users can connect with, learn from, and copy or get copied by other users. Buying stocks on eToro is free and you can invest with as little as $50.
Payment Methods
Bank Transfer, Wire Transfer
Full regulations list:
CySEC, FCA
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro. Your capital is at risk.
2
Min. Deposit
$1
Exclusive promotion
user-score
9.3
0 Commissions and no deposit minimums
Registered with and regulated by SEC and FINRA
Loss of cash protection
Start Trading
Description:
Financial company driven by technology and offering all-in-one self-directed investment platform that provides excellent user experience.
Payment Methods
Full regulations list:

What is a Payoneer stock broker?

A stockbroker is a service that allows you to trade stocks online. Payoneer is an online money transfer service used all over the world to pay for a variety of goods and services, including online stock trades. A Payoneer stockbroker is therefore a stockbroker that allows you to use Payoneer as a method of payment.

Pros and cons

Trading with Payoneer comes with its own unique benefits and drawbacks. Here are the primary things to think about when using the service.

Pros

  • Easy to use. Payoneer is a fast, easy, and convenient way to make purchases, making it a good choice for trading stocks.
  • Fast. You can fund your broker account within minutes using Payoneer, allowing you to begin trading stocks whenever you’re ready. 
  • Widely used. Payoneer provides cross-border transactions in 200 countries and territories, with a total of 4 million current customers. That impressive reach makes Payoneer a popular choice when paying for services such as online brokers.

Cons

What are the fees involved when trading online using Payoneer?

Most online stock brokers charge just a few pounds per transaction, or a small percentage of your overall trade amount, regardless of what payment method you’re using. That includes funding your trades with Payoneer. 

What to look for when investing with Payoneer brokers

If the stock broker you’re considering accepts Payoneer as a payment method, you then need to ensure the platform offers a good level of service. Here are some important qualities to look for when selecting a broker:

  • Speed. Your chosen broker should enable you to purchase stocks online using Payoneer in no more than a few minutes. 
  • Ease of use. The best stockbrokers make the process of investing in stocks online extremely easy. Don’t settle for a service you find complicated to navigate as this will impact your trading capabilities.
  • Great customer service. You want to ensure the platform you use offers great customer service, just in case something goes wrong.
  • Low transaction fees. Most brokers won’t charge much per trade, but the costs can add up over time. Even a small charge per trade can turn into a hefty fee if you’re making regular trades on the platform. Look for brokers that charge low fees so you can keep more of your money.
  • A strong reputation. To ensure the broker you’re using can be trusted, check out its user reviews. The best trading platforms will have been around for a few years and have a strong track record of positive reviews.

Is it safe to buy stock with Payoneer?

Yes, it is generally safe. Still, security features vary from broker to broker and it’s best to do your research. Our reviews can help you compare the security offered by different brokers.

Do I need to provide ID when I buy shares with Payoneer?

You will likely need to provide some form of ID when using Payoneer to purchase shares. Online stock brokers follow KYC (Know Your Customer) guidelines, which means they will likely ask for identification when you sign up. That could mean providing simple personal information such as your email address, or a copy of a photo ID card.

How to fund your online broker account with Payoneer

Each stock broker will have slightly different procedures for making online trades. That said, most Payoneer stock brokers require just a few simple steps to fund your online broker account:

  1. Find the payments or deposits page on your stock broker’s website or app.
  2. Select Payoneer as your preferred payment option.
  3. Enter your Payoneer account information.
  4. Enter the amount of money you wish to deposit into your stock trading account.
  5. Click confirm.

FAQs

What is Payoneer?
What are stocks?
What’s the difference between stocks and shares?
What other payment methods can I use when buying stocks?
How do I pick stocks?
What stocks can I buy with Payoneer?
Are there limits to how many stocks I can buy with Payoneer?
How can I keep up with the stock market?
What’s the best way for a beginner to learn about online trading?
What’s the biggest factor to watch out for when trading stocks?
How much should I venture on online trading as a beginner investor?
What’s another tip that beginner investors should follow?
Can I bet on a stock to go down in price too?
Will a Payoneer stock broker let me trade with leverage?

Fact-checking & references

Our editors fact-check all content to ensure compliance with our strict editorial policy. The information in this article is supported by the following reliable sources.

Risk disclaimer

Invezz is a place where people can find reliable, unbiased information about finance, trading, and investing – but we do not offer financial advice and users should always carry out their own research. The assets covered on this website, including stocks, cryptocurrencies, and commodities can be highly volatile and new investors often lose money. Success in the financial markets is not guaranteed, and users should never invest more than they can afford to lose. You should consider your own personal circumstances and take the time to explore all your options before making any investment. Read our risk disclaimer >

Jonah Keri
Financial Writer
Jonah Keri is a trader and analyst who spent 11 years at Investor's Business Daily covering the markets. He now writes about stocks, cryptocurrencies, and other… read more.